Invoice Factoring
Get fast, reliable cash flow for your business with invoice factoring tailored for your business
Keep your operations running smoothly with factoring solutions designed to help you get paid faster and focus on growth!
Invoice Factoring Solutions
Unlock consistent cash flow and gain greater financial flexibility for your business with our invoice factoring solutions.
Here’s how we help you get paid faster:
Send your unpaid invoices effortlessly using the Single Point App
Access fast funding through flexible options tailored to your needs
Easily manage your account with the Single Point Account Management
Industries Served
Our team of dedicated industry experts is committed to providing exceptional customer service to support your business.
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Dedicated Account Reps
Personalized support to help you manage and grow your business.
Effortless Account Management
Access your account data anytime through our accessible portal.
100% Transparency
No hidden fees, just straightforward support.
Unlimited Credit Checks
Partner with our credit experts to ensure you're working with reliable customers.
Account Management Portal
Built to Support Your Business
Our Account Management Portal offers transparent, easy access to all your account details in one place. With a user-friendly interface, you can manage your business with ease, track your finances, and stay on top of all transactions—whenever and wherever you need it.
- 24/7 secure access overview of your account
- Access to a variety of reports to help you manage your business
- View all transactions that have been completed 100% transparency for your peace of mind
Frequently Asked Questions
About Invoice Factoring
What is invoice factoring?
Invoice factoring, also known as general factoring, is a financial service where a business sells its unpaid invoices to a factoring company at a discount in exchange for immediate cash. This helps improve cash flow and reduce the wait time for payments.
How is factoring different from a loan?
Factoring is not a loan; it's an advance on your invoices. You're selling your receivables, so there's no debt to repay. The factoring company collects payment directly from your customers.
How much does factoring cost?
The cost varies based on factors like the invoice amount, customer creditworthiness, and industry risk. Fees are typically a small percentage of the invoice value.
Who qualifies for invoice factoring?
Most businesses that issue invoices to creditworthy customers can qualify. Factoring companies often focus more on your customers' payment reliability than your business's credit score.
How quickly can I get funded?
Many factoring companies provide funding within 24 hours after invoice verification, making it a fast way to access working capital.
What happens if my customer doesn't pay the invoice?
This depends on whether you have a recourse or non-recourse factoring agreement. With recourse factoring, you're responsible for unpaid invoices. With non-recourse factoring, the factoring company assumes the risk of non-payment under specific conditions.
Who is invoice factoring good for?
Invoice factoring is ideal for businesses that experience cash flow gaps due to slow-paying customers. It's especially beneficial for industries like trucking, manufacturing, staffing, and construction, where businesses rely on steady cash flow to cover expenses like payroll, fuel, or materials. Factoring is a great solution for companies that need quick access to working capital without taking on debt.
Get paid the same day for your freight bills to improve your cash flow with competitive rates.
Single Point Capital provides factoring solutions designed to keep your cash flow moving and your business thriving.
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Get fast, reliable cash flow for your business with invoice factoring tailored for your business.
